If you cannot continue your education on the job, you could participate in

One item that appears on an insurance company's financial statements is a liability that represents an estimate of the claims re

Bess [88]

This liability is called the insurer's "loss reserve".

Loss reserve is a gauge of an insurer's liability from future cases. Loss reserves most often contain liquid resources, and they enable the insurer to cover claims made against strategies that it endorses. Assessing liabilities can be a difficult task. Insurers need to regulate loss reserve estimations as the situation change.

8 0

3 years ago

Which of these household purchases will be counted as part of consumption in a country’s gross domestic product?(pick more then

alex41 [277]

I think it's a "newly constructed home"

I hope it helped you!

6 0

3 years ago

Read 2 more answers

What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010:

svet-max [94.6K]

Answer:

For Countries (per capita) United States of America (per capita)

Ethiopia:

$380 $48,468

Mexico:

$9,271 $48,468

India:

$1,358 $48,468

Japan:

$44,508 $48,468

Explanation:

Ratio per Capita also known as Gross Domestic Product per Capita (GDP Capita) is the monetary measure of the market value of all the final goods and services produced in a specific time period within the country in view. It is useful for comparing national economies of different countries on the international market.

3 0

4 years ago

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in

Nady [450]

Answer:

Amount Debit($) Credit($)

Assets

Cash 37,641

Office Supplies 890

Prepaid Insurance 4,600

Office Equipment 12,900

Liabilities

Accounts Payable 12,900

Equity

Y. Min, Capital 18,000

Y. Min, Withdrawals 3,329

Revenue

Engineering Fees Earned 36,000

Expenses

Rent Expense 7,540

Total 66,900 66,900

Explanation:

Trial Balance sheet includes all the accounts available in ledger.

Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case

Amount Debit($) Credit($)

Assets

Cash 37,641

Office Supplies 890

Prepaid Insurance 4,600

Office Equipment 12,900

Liabilities

Accounts Payable 12,900

Equity

Y. Min, Capital 18,000

Y. Min, Withdrawals 3,329

Revenue

Engineering Fees Earned 36,000

Expenses

Rent Expense 7,540

Total 66,900 66,900

4 0

3 years ago

Cost of goods sold for a merchandising company, direct materials and commissions are all examples of

katovenus [111]

For a merchandising company, the cost of goods sold, direct materials, and commissions are variable costs.

<h3>What is a variable cost?</h3>

A variable cost is the cost element that remains constant per unit while the total changes. Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.

Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of variable costs.

Learn more about variable costs here: brainly.com/question/5965421

8 0

3 years ago